BNB Surges 3.93% as $100M Institutional Treasury Initiative Sparks Renewed Investor Interest

BNBUSDT experienced a 3.93% price increase over the past 24 hours, rising from a 24h open of $605.20 to a current price of $629.01. This upward movement is primarily attributed to positive institutional developments, specifically the announcement that former Coral Capital Holdings executives are leading a $100 million treasury initiative to accumulate BNB as a reserve asset for a newly rebranded Nasdaq-listed company. The news has driven renewed investor interest and contributed to increased trading activity, despite recent market volatility that resulted in widespread liquidations for approximately 240,000 traders. BNB remains well-supported above $600, with a market capitalization near $89–$91 billion and continued high trading volumes, reflecting its resilience and ongoing relevance within the broader cryptocurrency market.